Commodities

Commodities: WTI, gasoline jump on latest DoE data
Energy was the strongest segment of the commodity market on Wednesday, on the back of the latest official US crude oil inventory figures and later in the session by a large move lower in the Greenback after the US central bank sounded a more dovish than expected note on policy.

Weekly US crude oil stockpiles rise by less than expected
US crude oil stockpiles increased by less-than-expected last week, held back by another decline in the country's net imports but buoyed by fewer inputs to refineries.

Iron ore prices jump as Vale plans production cuts
Shares in blue chip miners rallied on Wednesday after Brazil’s Vale said it was temporarily reducing annual production of iron ore by around 10%.

Commodities: Saudi pledges deeper oil output cuts
Commodity futures bounced back on Tuesday, helped by improved risk appetite and a commitment from Saudi to reign in crude oil output further.

ECR Minerals shines as 'extensive' drilling programme announced
ECR Minerals climbed after it kicked-off its gold focused drilling programme at its Victoria Region gold projects in Australia.

US heaps pressure on Maduro with new oil sanctions
The United States has approved sanctions against Venezuela's state-owned oil firm PDVSA as it ramps up efforts to force President Nicolás Maduro into relinquishing power of the South American nation.

Commodities: Energy futures hammered as investors call time on risk rally
Energy futures were hammered at the start of the week on the back of the latest weekly oil rig count data showing the first increase of 2019.

Ophir Energy extends deadline for Medco takeover offer
Ophir Energy has extended the deadline for Indonesian oil and gas producer Medco Energi Internasional to make a firm takeover offer or walk away from a deal, the company reported on Monday.

Eurasia Mining's Ural operations to commence with specially formed contractor
Eurasia Mining confirmed on Monday that its subsidiary Kosvinsky Kamen has agreed with contractor Uralmetmash to carry out mining at the West Kytlim mine in Russia's Ural mountains.

Jangada's 117% jump in JORC resource is 'significant step forward'
Jangada Mines climbed on Monday after announcing the doubling of its resource at the Pedra Branca platinum group metals project in Brazil.

Reabold flows upward as California well test beats expectations
Reabold Resources climbed on Monday after a successful test at its VG-4 well at the West Brentwood field in California exceeded pre-drill expectations.

Iron ore prices in focus as markets mulls possible global shortage
Iron ore prices have surged after traders predicted supply issues following the devastating dam collapse at a mine in Brazil.

Shake-up for aluminium giants as US lifts curbs on Putin-ally Deripaska
Commodities trader Glencore has shaken up its holdings in aluminium specialists Rusal and En+ Group after the US partially lifted sanctions on Russian billionaire Oleg Deripaska.

Commodities: US energy futures gain after latest DoE inventory numbers
Rising energy futures in the States buoyed the entire complex on Thursday, despite a good bid in the US dollar.

Venezuela cuts relations with US after Trump recognises opposition leader
Venezuelan leader Nicolás Maduro cut ties with US after President Donald Trump recognised opposition leader Juan Guaidó as self-declared interim president.

Credit Suisse downgrades Centrica to 'neutral'
Analysts at Credit Suisse downgraded shares of energy and services outfit Centrica to 'neutral' on Wednesday, saying that they expected a rough time for the firm's share price throughout February.

Block Energy launches two-well sidetracking programme
Block Energy rose on Wednesday after beginning sidetrack operations in the existing 16a wellbore at its West Rustavi field in the Republic of Georgia.

UK Oil & Gas jumps on plans for nine new wells
UK Oil & Gas (UKOG) jumped on Wednesday after releasing its plans to drill up to nine production, appraisal and exploration wells during 2019 and 2020.

Commodities: Brent, copper futures drop amid trade worries and political tensions
Commodity futures came under selling pressure at the start of the week, with only precious metals and wheat managing to keep their heads above water, as investors in the States returned from the long weekend to find that the federal government shutdown was continuing and began eyeing the next phase of US-China trade talks at the end of the month.

Commodities: Copper slips after weak China GDP numbers
Commodities were little changed at the start of the week, with most markets closed in observance of the Martin Luther King Jr. holiday in the States, including the Chicago Board of Trade.